Page 2 - Power Grid Corporation Of India

PGCIL board approves Rs 425 crore fresh equity investment in EESL

State-owned Power Grid Corporation of India Ltd (PGCIL) board has decided to infuse fresh equity up to Rs 425 crore in Energy Efficiency Services

Power Grid posts 6% growth in FY21 PAT at Rs 12,036 cr; net income rises 9%

For the quarter ending March, 2021, the total Income and profit after tax stood at Rs 10,816 crore and Rs 3,526 crore respectively.

PowerGrid Infrastructure Investment Trust ends debut trade at 3% premium

The IPO, which concluded on May 3, was subscribed 4.8 times. The IPO was priced between Rs 99 and Rs 100 per unit. The InvIT had raised Rs 7,735 crore

Power Grid Corporation raises Rs 2,736 crore through InvIT OFS

State-run Power Grid Corporation of India Ltd said it has received Rs 2,736.02 crore through sale of 27.41 crore units in the PowerGrid Infrastructure Investment Trust (PGInvIT) offer for sale

Power Grid InvIT of Rs 7,735 crore subscribed 56%, closes on Monday

The price band for the IPO is 99-100 per unit of Rs 100 each

Power Grid launches PGInvIT, could offer 18 more assets in future

Sets price band at Rs 99-100 per unit for the public offer

PowerGrid to offer Rs 10,384 crore worth of assets in InvIT next week

After IndiGrid and IRB InvIT fund, this will be the third publicly listed InvIT for the country and the second in the power transmission sector

Govt eyes different monetisation models to raise resources for investments

Unlike privatisation, monetisation of assets does not require transfer of ownership to private hands; instead, projects are vested with a trust or a private operator

Abhay Choudhary takes over as Director (Projects) of Power Grid Corporation

State-run Power Grid Corporation of India (PGCIL) on Sunday said that Abhay Choudhary has assumed the charge as its Director (Projects). Prior to this assignment, he has been working as Executive Director (Commercial & Regulatory Cell) along with the charge of CMD (Chairman & Managing Director) Coordination Cell, a PGCIL statement said. He is an electrical engineering graduate from NIT Durgapur and holds a Post Graduate Diploma in Management from IMT Ghaziabad. During his career spanning around 35 years in power sector, he has worked in various capacities in EHV Sub Stations and Transmission lines, both as an Operation & Maintenance executive as well as a construction engineer.

CERC to remain shut for one more month as Centre hunts for legal member

ACME Solar intervenes for release of reserved orders at CERC

PGCIL gets shareholders' nod to raise up to Rs 10,000 cr via bonds in FY22

The company had proposed a special resolution in the AGM to raise up to Rs 10,000 crore from domestic market in financial year 2021-22

PowerGrid's asset monetisation via InvITs gets Cabinet go-ahead

PGCIL will become the first PSU to issue InVIT, and the asset size will be Rs 7,000 crore

Power Grid Corporation's Q1FY21 profit declines 18% to Rs 2,048 cr

During the quarter ended June, the company recognised as an exceptional item the one-time consolidated rebate of Rs 1,075 crore to distribution companies

PGCIL panel approves Rs 239.89 crore investment in transmission project

A penal of its directors has approved an investment of Rs 239.89 crore in an electricity transmission project

Explained: How Chinese firms won some of India's recent PSU tenders

Not just for cost-effectiveness, public sector firms turn to China for lack of domestic qualified bidders, technology

Central transmission utility hived off from Power Grid Corporation

Power Grid, as a CTU, is responsible for the wheeling of power generatedby power producers and involved in planning transmission systems and operations.

First InvIT by govt entity set for launch; NHAI files application with Sebi

Senior officials told Business Standard the projects being offered under InvIT would mainly be ones constructed on government-funded or in engineering-procurement-construction mode

When you switch off lights tonight, here's what Power Min wants you to do

The total domestic lighting demand at an all-India level is estimated at 12-13 GW, which is 10 per cent of the country's total power demand

Covid-19: Twitterati push 'grid' in top five trends as arguments flow in

Anticipating a significant fluctuation in power demand for a short duration, the power ministry along with PGCIL and POSOCO have been busy drafting a plan for managing the grid and efficient supply

Non-telecom PSUs to take common legal recourse for AGR: GAIL chairman

GAIL lines up Rs 1 trillion capex for next five years